1. Chapter 2 Learning Objectives
Describe trends in the labor force composition and how they affect human resource management.
Summarize areas in which human resource management can support the goal of creating a high-performance work system.
Define employee empowerment and explain its role in the modern organization.

2. Chapter 2 Learning Objectives (continued)
Identify ways HR professionals can support organizational strategies for quality, growth, and efficiency.
Summarize ways in which HRM can support organizations expanding internationally.
Discuss how technological developments are affecting human resource management.

3. Chapter 2 Learning Objectives (continued)
Explain how the nature of the employment relationship is changing.
Discuss how the need for flexibility affects human resource management.

4. Change in the Labor Force

5. Age Distribution of U.S Labor Force, 2008 and 2018

6. Projected Racial/Ethnic Makeup of the U.S. Workforce, 2018

7. Skill Deficiencies of the Workforce
Today, employers are looking for:
mathematical skills
verbal skills
interpersonal skills
computer skills
The gap between skills needed and skills available has decreased companies ability to compete.
They sometimes lack the capacity to upgrade technology, reorganize work, and empower employees.

8. High-Performance Work Systems
Organizations that have the best possible fit between their:
social system (people and how they interact); and
technical system (equipment and processes).
Key trends occurring in today’s high-performance work systems:
reliance on knowledge workers
the empowerment of employees to make decisions
the use of teamwork

9. Knowledge Workers
Employees whose contribution to the organization is specialized knowledge, such as:
knowledge of customers
knowledge of a process
knowledge of a profession
They are especially needed for jobs in:
health services
business services
social services
engineering
management

10. Top 10 Occupations for Job Growth

11. Strategic Business Issues Affecting HRM

12. Number of Employees Laid Off During the Past Decade

13. Change in the Employment Relationship